Statoil Said to Eye Deals as Norway Loosens Grip

January 9, 2014

Statoil is studying overseas acquisitions, according to people familiar with the matter.
Encouraged by Norway’s newly elected conservative government that’s considering
reducing the state’s 67 percent stake, Statoil is examining takeovers that would allow it to
diversify away from Norway while diluting the state’s $51 billion shareholding.